U.S. Partners Retaliate Against Trump’s Reciprocal Tariffs
Welcome back to World Brief, where we’re looking at retaliatory measures against U.S. reciprocal tariffs, Israel expanding operations in Gaza, and a temporary cease-fire in Myanmar’s civil war.
U.S. President Donald Trump imposed sweeping “reciprocal” tariffs on virtually all of Washington’s allies and adversaries on Wednesday. Will it be Liberation Day, as Trump calls it, or Recession Day? Only time will tell, but U.S. trading partners are not optimistic.
Welcome back to World Brief, where we’re looking at retaliatory measures against U.S. reciprocal tariffs, Israel expanding operations in Gaza, and a temporary cease-fire in Myanmar’s civil war.
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U.S. President Donald Trump imposed sweeping “reciprocal” tariffs on virtually all of Washington’s allies and adversaries on Wednesday. Will it be Liberation Day, as Trump calls it, or Recession Day? Only time will tell, but U.S. trading partners are not optimistic.
“For decades, our country has been looted, pillaged, raped, and plundered by nations near and far, both friend and foe alike,” Trump said at the White House. “Today, we’re standing up for the American worker, and we are finally putting America first.”
Several major U.S. trading partners have pledged hefty retaliatory measures in response, suggesting that the White House’s trade war is just beginning. “Europe has not started this confrontation,” European Commission President Ursula von der Leyen said on Tuesday. “We do not necessarily want to retaliate but, if it is necessary, we have a strong plan to retaliate, and we will use it.”
Canada has vowed counter-tariffs, while Senate Democrats moved to pass a resolution aimed at blocking U.S. duties on Canadian products. Mexican President Claudia Sheinbaum said on Wednesday that she does not plan to impose tit-for-tat tariffs on the United States but will unveil a broad economic plan on Thursday, when impending U.S. auto duties go into........
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